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Rising Inclination towards Sustainable Construction to Fuel the Concrete Bonding Agents Market Growth

 

Concrete Bonding Agents

The Concrete Bonding Agents Market is estimated to be valued at US$ 56.26 Bn in 2022 and is expected to exhibit a CAGR of 4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Concrete bonding agents are surface applied materials that are used to adhere green concrete or freshly placed concrete to a prepared surface to improve the bond between concrete patches and existing concrete. They are commonly applied on surfaces before overlaying or topping in repair works.

Market Dynamics:

Concrete bonding agents market is driven by growing focus towards green construction worldwide. Rising environmental concerns have increased the adoption of sustainable construction practices such as repair and rehabilitation of existing structures instead of new construction. Concrete bonding agents play a vital role in repair works as they help achieve strong bonding between new and existing concrete surfaces with minimal surface preparation. Additionally, growing infrastructure development activities in emerging economies of Asia Pacific and Latin America are also fueling the demand for concrete bonding agents for construction of new buildings and bridges. The ability of concrete bonding agents to prolong the lifespan of structures by preventing cracks and detachments through strong bonding further supports their growing adoption.

Market key trends

Concrete bonding agents market is witnessing increasing usage of epoxy-based concrete bonding agents. Epoxy-based concrete bonding agents provide strong adhesion and are durable in harsh weather conditions and varying temperatures. They find wide application in repairing and strengthening of old concrete structures.

SWOT Analysis

·         Strength: Epoxy-based concrete bonding agents provide strong bonding and are durable. They help repair structures effectively.

·         Weakness: Some concrete bonding agents require surface preparation for effective bonding which increases labor cost. Curing time is also longer for some products.

·         Opportunity: Growing infrastructure development and repair activities across regions present an opportunity for concrete bonding agent providers.

·         Threats: Stringent environmental regulations around VOC emissions from some concrete bonding agents. Fluctuating raw material prices impact the overall cost.

Key Takeaways

The Global Concrete Bonding Agents Market Growth is expected to witness high, exhibiting CAGR of 4% over the forecast period, due to increasing infrastructural activities and repair of ageing structures.

Regional analysis related content comprises

The Asia Pacific region dominates the concrete bonding agents market with a share of over 35% in 2022. Rapid urbanization and investments in infrastructure development are driving the demand for concrete bonding agents especially in India and China. Countries in Europe and North America also provide significant growth opportunities attributed to the repair and retrofitting projects of existing structures.

Key players

Key players operating in the Concrete Bonding Agents market are BASF SE, Fosroc International Ltd., DowDuPont Inc., GCP Applied Technologies Inc., The Quikrete Companies.

 

Read More - https://www.insightprobing.com/concrete-bonding-agents-market-outlook-and-share-analysis/

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